Growth in factory activity rose back towards all-time highs in October despite production remaining constrained by supply delays and input and output price inflation hit fresh record levels, a survey showed today. The AIB IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 62.1 from 60.3 in September, having hit a record 64.1 in May….
Category Archives: News
We’re seeing more ‘eco-friendly’ and ‘all natural’ products on our shelves, as consumers demand more sustainable choices. But as companies come under increased pressure to meet their Environmental, Social, and Governance (ESG) goals, how can we tell if some are twisting the truth? When their sustainable claims are untrue or exaggerated they can be accused…
Nightclubs and venues that breach new ticketing laws will be fined up to €2,500 under regulations which come into force today. Tickets must be purchased at least one hour in advance and contain names and phone numbers to facilitate contact tracing, while patrons should be advised their details will be held for 28 days. Under…
Ulster Bank is encouraging customers to get ready for changes coming next year as part of the bank’s withdrawal from the Irish market, which was first announced in February. But the bank said it is continuing to serve its existing customers, so no action is required by them yet. Ulster Bank said it will contact…
Around 30% of households liable for the Local Property Tax have filed their return, ahead of the deadline which is just over a week away. Revenue said around 95% of those returned were filed online in either My Account, ROS or the LPT Online Portal. The deadline for filing is 7 November. “Before submitting the…
Changes are being introduced to the employment permit system to allow a greater number of workers from outside the European Economic Area work here. The changes will include the removal of quotas for HGV drivers, as well as additional permits for hospitality managers and a loosening of the rules for construction workers, opticians and meat…
One third of business leaders say their primary board does not have a succession plan in place to replace board members, according to new data from the Institute of Directors (IoD) in Ireland. “A board with no succession plan is not future-proofing its business nor planning for the board diversity which is essential for an…
Ireland could collect an extra €12.4 billion in corporation tax under the proposed 15% global minimum rate. That’s according to figures published today by the EU Tax Observatory, an independent think-tank based in Paris that receives funding from the EU. Based on OECD tax figures for 2016 and 2017, the Observatory estimates that the rule…
New figures show that the volume of new mortgages drawn down in the third quarter of this year jumped by 40.9% compared to the same time last year. Banking & Payments Federation Ireland (BPFI) said a total of 11,479 new mortgages, worth €2.784 billion, were drawn down by borrowers during the third quarter of 2021-…
The Irish Congress of Trade Unions says some progress has been made in talks with the government on collective bargaining rights, which is one of the main issues on the agenda for discussion during ICTU’s two day biennial conference in Belfast. ICTU delegates will discuss a number of motions on collective bargaining rights tomorrow. Speaking…